Growthpoint Properties (JSE:GRT) Days Payable: 170.07 (As of Dec. 2025) — 108% Above Median


JSE:GRT Growthpoint Properties Ltd JSE:GRT
54 GF Score
Price R16.98
GF Value R8.63
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Growthpoint Properties Days Payable?

Growthpoint Properties JSE:GRT -2.53% 54 Days Payable is 170.07 as of Dec. 2025, which is 108% above its 10-year median of 81.71. GuruFocus rates JSE:GRT with a GF Score™ of 54/100 and a GF Value™ of R8.63 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 548 REITs companies, Growthpoint Properties ranks better than 70.26% on this metric.

Growthpoint Properties's average Accounts Payable for the six months ended in Dec. 2025 was R1,718 Mil. Growthpoint Properties's Cost of Goods Sold for the six months ended in Dec. 2025 was R1,843 Mil. Hence, Growthpoint Properties's Days Payable for the six months ended in Dec. 2025 was 170.07.

The historical rank and industry rank for Growthpoint Properties's Days Payable or its related term are showing as below:

JSE:GRT' s Days Payable Range Over the Past 10 Years
Min: 47.47   Med: 81.71   Max: 212.92
Current: 212.92

During the past 13 years, Growthpoint Properties's highest Days Payable was 212.92. The lowest was 47.47. And the median was 81.71.

JSE:GRT's Days Payable is ranked better than
70.26% of 548 companies
in the REITs industry
Industry Median: 119.45 vs JSE:GRT: 212.92

Growthpoint Properties's Days Payable declined from Dec. 2024 (191.28) to Dec. 2025 (170.07). It may suggest that Growthpoint Properties accelerated paying its suppliers.


Growthpoint Properties Days Payable Historical Data

* Premium members only.

The historical data trend for Growthpoint Properties's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Growthpoint Properties Days Payable Chart

Growthpoint Properties Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 114.13 128.40 109.65 100.42 70.59

Growthpoint Properties Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 218.61 209.61 191.28 175.18 170.07

JSE:GRT vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Growthpoint Properties's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Growthpoint Properties Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Growthpoint Properties's Days Payable distribution charts can be found below:

* The bar in red indicates where Growthpoint Properties's Days Payable falls into.


JSE:GRT
54GF Score
Growthpoint Properties Ltd JSE:GRT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Growthpoint Properties Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Growthpoint Properties's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (967 + 536) / 2 ) / 3886*365
=751.5 / 3886*365
=70.59

Growthpoint Properties's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (536 + 2899) / 2 ) / 1843*365 / 2
=1717.5 / 1843*365 / 2
=170.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 170.07 mean?
Growthpoint Properties (JSE:GRT) has a Days Payable of 170.07 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Growthpoint Properties and its competitors. This is 108% above median its historical median of 81.71. Over the past decade, Growthpoint Properties' Days Payable has ranged from 47.47 to 212.92. According to the industry distribution chart, Growthpoint Properties ranks #163 out of 548 companies in the REITs industry, placing it in the top 29.7%.
Is Growthpoint Properties' Days Payable too high?
Growthpoint Properties' current Days Payable of 170.07 is 108% above median its 10-year median of 81.71. Over the past 10 years, this metric has ranged from a low of 47.47 to a high of 212.92. The REITs industry median Days Payable is 119.45. Growthpoint Properties' value of 170.07 is 42.4% above this industry median. Based on the distribution chart, Growthpoint Properties ranks #163 out of 548 companies in the REITs industry, which is above the industry midpoint. Overall, Growthpoint Properties has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Growthpoint Properties' Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Growthpoint Properties ranks #163 out of 548 companies for Days Payable. This puts Growthpoint Properties in the upper half of its industry. The industry median Days Payable is 119.45. Growthpoint Properties' value of 170.07 is 42.4% above this benchmark. Historically, Growthpoint Properties' own Days Payable has ranged from 47.47 to 212.92 over the past decade. While the company's 10-year median is 81.71 vs. the industry median of 119.45, Growthpoint Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Growthpoint Properties's current Days Payable of 170.07 is 42.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Growthpoint Properties and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Growthpoint Properties's current Days Payable is 170.07, which is 108% above median its own 10-year median of 81.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Growthpoint Properties stock overvalued right now?
Based on GuruFocus' analysis, Growthpoint Properties (JSE:GRT) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.63, compared to a current price of R16.98 — trading 96.8% above its estimated fair value. The current Days Payable is 170.07, which is 108% above median its 10-year median of 81.71 and 42.4% above the REITs industry median of 119.45. Growthpoint Properties' overall GF Score™ is 54/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Growthpoint Properties (JSE:GRT), the current Days Payable is 170.07 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Growthpoint Properties (JSE:GRT) Overvalued in 2026?

Based on GuruFocus' analysis, Growthpoint Properties stock appears to be overvalued. The current stock price of R16.98 is trading 96.8% above its estimated GF Value™ of R8.63. GuruFocus considers Growthpoint Properties to be Significantly Overvalued.

Key valuation signals for JSE:GRT:

  • Days Payable: 170.07 (108% above median its 10-year median of 81.71)
  • GF Value™: R8.63 vs. price of R16.98 (96.8% above fair value)
  • GF Score™: 54/100 with 11 warning signs
  • Industry Position: 42.4% above the REITs median (#163 of 548)

No single metric tells the full story. See the JSE:GRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Growthpoint Properties Business Description

Industry Real EstateREITs
Other Exchanges G5JA:Germany
Address 1 Sandton Drive, The Place, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Growthpoint Properties Ltd is an international property company mainly engaged in owning and managing property assets in South Africa, Eastern Europe, Australia, and the UK. Its portfolio comprises various kinds of properties such as office parks, office warehouses, motor outlets, logistics and industrial parks, shopping centres, etc. The group's operating segments are Retail, Office, Logistics and Industrial, Trading and Development, V&A Waterfront, GHPH, GSAH, Lango, GOZ, and GWI. Maximum revenue is generated from its Retail segment, which includes income generated from a portfolio of properties, comprising shopping centres, with the balance being standalone, single-tenanted properties. It includes regional, community, neighbourhood, retail warehouses and speciality centres.
54GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R16.98
Price
R8.63
GF Value